Our team of skilled analysts, by utilising the depth and breadth of Onyx's market knowledge, grants us an unparalleled perspective in the market, enabling us to identify and report emerging trends.

The Officials: Building benchmarks

2 min read

02 December 2024: 09:30 GMT

We are starting effective Dec 1, 2024, a listing of key cryptocurrencies, major commodities to enable you see the larger financial and industrial sectors, global financial indices and temperatures across many key locations. We are also quoting a ‘Mini Bitcoin’ ™, reflecting the value of a 100,000th part of a Bitcoin. Bitcoin and other cryptocurrencies have become of age and are starting to become part of some countries reserves. We have also heard of trading payments in Asia being settled in Bitcoin. So, Bitcoin time has arrived, and we have jumped on the bandwagon. We are quoting some key commodities: Brent, WTI, Dubai and products among others in ‘Mini Bitcoin’ or omBTC for short. At today’s launch, Brent closed at $72.51/bbl equating to omBTC 74.25/bbl. We produce two versions of The Officials, a close of Asian markets edition and one at the close of Europe. The commodities, currencies and indices reflect their respective close of Asian and European markets. The temperatures reflect noon local time at each location. We hope these innovations in benchmarking help you make better and more informed decisions. Bookkeeping for all your operations in the derivatives markets should be easier. More complete and of course accurate!
For questions and answers please call us at +447817149889 or by email to jmontepeque@onyxcapitalgroup.com, or theofficials@onyxcapitaladvisory.com

In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
For any comments, please reach out to us through the emails provided in the signed documents.

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Our team of skilled analysts, by utilising the depth and breadth of Onyx's market knowledge, grants us an unparalleled perspective in the market, enabling us to identify and report emerging trends.